Discover financial empowerment resources
Discover financial empowerment resources
During the income tax filing season, scammers pose as representatives of the Canada Revenue Agency (CRA) in an attempt to trick you into sending payment for fictitious "debts" or into providing sensitive personal information that they can use to commit fraud. Learn more on how to spot tax season...
This report provides results from the 2019 Canadian Financial Capability Survey (CFCS). It offers a first look at what Canadians are doing to take charge of their finances by budgeting, planning and saving for the future, and paying down debt. While the findings show that many Canadians are acting...
This report presents findings from the second annual U.S. Financial Health Pulse, which is designed to explore how the financial health of people in America is changing over time. The annual Pulse report scores survey respondents against eight indicators of financial health -- spending, bill...
An emerging body of international literature is beginning to reveal a significant connection between financial capability metrics and personality, suggesting that what influences our financial well-being may be more nuanced than we previously thought. This study investigates how the inclusion of...
The resources in this toolkit are taken from the Prosper Canada Financial Literacy Facilitator curriculum. The full training curriculum is available for practitioners who complete our Financial Literacy Facilitator training. Prosper Canada curriculum and tools are for non-profit use only, and are...
When money is tight, consumers often pay bills in a way that makes the problem worse, with late fees, penalties, and higher interest rates. Research shows that consumers have many reasons for their actions. To gain insight into why it’s so hard for consumers to organize and manage their financial...
BDSC firms are using varied forms of non-traditional data—from mobile call data records and bill payments to Internet browsing patterns and social media behaviour—to create a new way to assess consumer risk, determine the creditworthiness of previously “invisible” consumers, and...
Debt buyers, specialized debt-collection companies, purchase defaulted consumer debt from creditors such as credit card companies for pennies on the dollar. Debt buyers then attempt to collect the debt, often by suing borrowers in court. State and federal officials should continue to strengthen the...
Over 29 million Americans comprise the “at risk” segment – most likely of all the segments to live paycheck to paycheck and run out of money before the end of the month. Seven in ten struggle to keep on top of their bills, and a quarter are actually falling behind on credit and bill...
The 2013 Survey of Consumer Payment Choice (SCPC) is the sixth in a series of annual studies conducted by the Federal Reserve Bank of Boston to gain a comprehensive understanding of the cash and noncash payment behaviour of U.S. consumers. This report summarizes data collected in the 2013 SCPC and...
You have the right to see your own credit report. And there are ways you can order it for free. It is a record of your past and present use of credit cards and loans. Mobile phone and Internet accounts may also be included, even though they are not credit accounts. It includes details about your...
While financial coaching is becoming more widely implemented, the practice components have not been described in ways that make the field of financial coaching consistent and uniform. To better understand how financial coaching is especially relevant for empowering low-income clients, this brief...
Without a Home, conducted by the Canadian Observatory on Homelessness in partnership with A Way Home Canada, surveyed 1,103 youth experiencing homelessness across Canada. Youth in 42 different communities and nine of the 10 Canadian provinces, as well as Nunavut Territory, completed the self-report...